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CardioNet Turns to Hedge Funds

Hedge funds kicked in $110 million in equity bridge financing for the cardiac monitoring company.

Last month, industry headlines screamed news of CardioNet Inc.’s $110 million equity bridge financing, suggesting it’s one of the larger medical device—or for that matter health care—deals in recent years. [See Deal]

And it sure would be except venture capitalists don’t typically see a deal like this, maybe never.

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FDA ‘Regulatory Accelerator’ Aims To Speed Digital Health Development

 
• By Elizabeth Orr

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From ‘Work Harder’ to ‘Phenomenal People’: Makary’s FDA About-Face

 
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In his first 100 days as FDA commissioner, Martin Makary has gone from vocal critic to vocal supporter of the agency’s staff, calling them “phenomenal” and praising their dedication—even as morale remains shaken by recent layoffs and restructuring.

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